Swiss broker and bank Dukascopy Group informed on Tuesday about its new kind of binary option – Daily Stock Option (DSO). These instruments are about to be provided by both of its units, Dukascopy Bank and Dukascopy Europe, thus widening its clients’ trading opportunities.
Duration of all DSO is being kept for one trading session, in the frame of the respective trading hours of any particular exchange, where the instrument is listed.
Price of the DSO is determined by the underlying instrument during the trading hours and opening or closing price are prices of the respective underlying instrument during the open or close of the session.
Thus eliminates previous time frames of 5 minutes, 30 minutes, hour and longer.
If the DSO is In-the-money (if you speculate in correct way), traders get the paid premium and sum of money counted as set multiplication according to the applicable payout rate from the premium.
As Dukascopy informs in an official statement, base payout ratio is 70% and may decline to 50% by 5% increments but the payout rate for every respective order is fixed when it gets activated and is unchanged until set expiration point, regardless of the updates of base payout ratio, which is about to be applicable for any news orders.
All the DSO are there for traders, arranged in list by continent, country, exchange (US, Europe and Asia-Pacific), thus covering majority of popular global companies and market players.
In this Way, Dukascopy is trying to firm its position on the forex and binary options market, providing constantly fresh new tools, instruments or opportunities. This year it has already has increased the maximum binary options contract amount to $5,000 in March and launched CFD trading on live and demo self trading accounts, using the same range of platforms as FX instruments
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